“A person saving for retirement who chooses low-cost investments instead of higher-cost ones could have a standard of living throughout retirement that's more than 20 percent higher”, says Noble Prize winner William Sharpe.
In a recent interview published on the Stanford Graduate School of Business website, Sharpe, a professor emeritus at the school, clearly illustrates how much more money retirees would have if they saved for retirement using lower-cost index funds rather than higher-cost actively managed funds.